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Top related persons:
Xi - 1 Li Xunlei - 1
Top related locs:
China Beijing
Top related orgs:
The New York Times - 1 Ministry of State Security - 1 Zhongtai Securities - 1 Weibo - 1

Search resuls for: "Zhongtai Securities"


3 mentions found


☆ China is reportedly scrubbing the internet of negative coverage of its economy
  + stars: | 2024-02-02 | by ( Phil Rosen | ) www.businessinsider.com   time to read: +2 min
Reports this week from The New York Times and The Wall Street Journal detail efforts by Chinese authorities to scrub the internet of negative takes on the state of its economy. According to the NYT, The Ministry of State Security said in its official WeChat account that citizens should not believe the "false narratives" about the trajectory of China, and instead should believe in President Xi Jinping's vision. The WSJ similarly reported that some of the nation's top officials have reiterated the importance of promoting the "bright prospects of China's economy." The NYT said tech platform Weibo had restricted dozens of accounts from posting after they had shared bleak economic realities with other users. The platform also warned its users in November, the report said, not to be "maliciously pessimistic" about China's economy.
Persons: Xi, Li Xunlei Organizations: The New York Times, Ministry of State Security, Zhongtai Securities, Weibo Locations: China, Beijing
☆ China’s easing moment may be short lived
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +1 min
LONDON, March 17 (Reuters Breakingviews) - Western central banks’ new hesitation on interest rate hikes has given Beijing more breathing room. The decision came as a surprise, as the central bank has been generously pumping up bank liquidity when rolling over maturing medium-term policy loans. Such a subtler easing approach reinforces Governor Yi Gang’s view that China’s interest rates are at “appropriate” levels for now. Worries about the country’s mounting corporate and household debt help explain why Yi may favor keeping rates steady for longer. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ As Xi opens congress, China's state hands keep markets steady
  + stars: | 2022-10-17 | by ( ) www.reuters.com   time to read: +4 min
SHANGHAI, Oct 17 (Reuters) - As Chinese President Xi Jinping opened the landmark Communist Party Congress, the country's vast financial bureaucracy has been busily tamping down ripples of turmoil across its currency and stock markets. Scores of companies have announced share buybacks or executive share purchase plans since Friday, when regulators unveiled plans to ease share buyback rules. Investors and analysts believe government pressure on China's largely state-controlled fund sector may have played a role in the stock market rebound. Xia Chun, chief economist at wealth manager Yintech Investment Holdings, said this follows a pattern of China stocks typically rising before a party congress and then likely falling afterwards. On Monday, several state-controlled asset managers including E Fund Management Co, China Southern Asset Management Co and Zhongtai Securities Asset Management said they were investing their own money to buy products, echoing an identical refrain of confidence in China's capital markets.
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